Friday, October 14, 2016

Ratos makes a write-down of 1.7 billion – Today’s Industry

Ratos will in the report for the third quarter to carry out write-downs of book values of a total of approximately sek 1.7 billion. Most are härförligt to the Norwegian oljeservicebolaget Aibel.

the Investment company Ratos will complete a write-down of carrying values of slightly more than sek 1.7 billion in the quarter.

In a press release writing company to write-down is attributable to the unlisted portfolio companies Aibel, AH Industries, Biolin Scientific, Euromaint and Jøtul. The majority, more than 1.1 billion, is due to the Norwegian oljeservicebolaget Aibel.

"the Impairment charge does not affect the the current helårsprognoserna of the portfolio’s aggregate operating earnings, which is expected to be slightly lower than the previous year’s results, adjusted to the size of Ratos’s ownership," says investmentbolagets acting ceo Lars Johansson.

In connection with the latest quarterly report released in August, Ratos the estimate for the full year. Previously, they had expected a slightly higher profit compared with the previous year.

During the second quarter of the year noted Ratos a profit before tax of 32 million kronor (360 million), but after tax it was a loss of eur 26 million (309).

mid-June was kicked Susanna Campbell from the ceo position in the company. The weak developments in the Norwegian Aibel, Ratos went in the same year as Campbell became the managing director, shall have contributed to the board of directors let her go.

Magnus Agervald, currently ceo of byggkedjan Byggmax, will assume the permanent ceo when his period of notice expires after the end of the year.

Ratos B shares have plummeted more than 11.6 per cent since the end of the year. After having swung up slightly in the first quarter, the shares have fallen sharply in the past six months.


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